- One can earn 7% at Fincare on the amount deposited above Rs 1 lakh
- ESAF offers 7% on the amount deposited above Rs 10 lakh
- Utkarsh Small Finance Bank offers 6% on savings bank deposit
These are the small finance banks that offer 6% - 7% on savings bank accounts
Fincare Small Finance Bank: For a savings bank account that amounts to lower than Rs 1 lakh, the bank offers an interest rate of 6 per cent. However, one can earn as much as 7 per cent when the amount deposited is above Rs 1 lakh.
ESAF Small Finance Bank: In the ESAF small finance bank, one must deposit above Rs 10 lakh to be able to earn an annual interest of 7%. However, if the amount deposited ranges between Rs1 lakh and Rs 10 lakh, the rate of interest would be 6.5%. The rate of interest slips further to 4% in case the amount of deposit is lower than Rs one lakh.
Utkarsh Small Finance Bank: For savings bank accounts, Utkarsh small finance bank offers an interest of 6 per cent per annum.